Establishment of New Foreign Enterprises in China Nearly Doubles

12

Official data indicates that the number of new foreign-invested enterprises has seen a surge since the start of 2018.

The period from January – May saw the establishment of  24,026 new foreign invested enterprises in China according to data from the Ministry of Commerce, for a year-on-year surge of 97.6%.

The actual amount of foreign capital used was 345.59 billion yuan, for a YoY rise of 1.3%.

In May alone a total of 5,024 new foreign invested enterprises were established in May, for a YoY leap of 106.5%. The actual amount of foreign capital used was 58.81 billion yuan, for a YoY rise of 7.6%.

Manufacturing saw a strong increase in the amount of foreign funds actually used during the first five months of 2018, with a YoY rise of 12.3% to 100.42 billion yuan, accounting for 29.1% of the total.

The tech sector saw a 9.8% increase to account for a 20.5% share, while hi-tech manufacturing saw a YoY surge of 61.9% to 33.69 billion yuan .

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here